New York Markets After Hours

GM has no plans to jettison Hummer, Saab

SAN FRANCISCO (MarketWatch) -- General Motors
GM, -0.10%
has no plans to drop Hummer and Saab brands, GM's head of North American sales and marketing Mark LaNeve said in a conference call Monday in Detroit. Hummer and Saab are "intrinsically woven" into GM's global strategy, he said, adding that GM continues to build up these brands. Critics, including billionaire investor Kirk Kerkorian, have urged the Detroit giant to cut down its brand portfolio in an effort to curb costs and focus on its top nameplates.

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